Company Valuation: Intercos S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,346 1,222 1,376 1,340 1,066 1,175 - -
Change - -9.19% 12.6% -2.66% -20.46% 10.27% - -
Enterprise Value (EV) 1 1,473 1,313 1,477 1,438 1,166 1,289 1,258 1,228
Change - -10.84% 12.46% -2.65% -18.87% 10.54% -2.45% -2.32%
P/E 48.5x 27x 26.5x 27.8x 21.7x 18.5x 15.7x 14.1x
PBR 3.67x 2.92x 3.08x 2.81x 2.19x 2.23x 2.05x 1.86x
PEG - 0.4x 1.8x -3.75x 10.85x 0.6x 0.9x 1.3x
Capitalization / Revenue 2x 1.46x 1.39x 1.26x 1.02x 1.07x 1.01x 0.96x
EV / Revenue 2.19x 1.57x 1.49x 1.35x 1.11x 1.17x 1.08x 1x
EV / EBITDA 14.6x 10.8x 10.7x 10x 7.48x 7.87x 7.13x 6.48x
EV / EBIT 34.4x 18.5x 16x 15.3x 11.3x 11.8x 10.5x 9.37x
EV / FCF 64.1x 51.3x 30.6x 42x 23.6x 28.2x 22.7x 19.1x
FCF Yield 1.56% 1.95% 3.27% 2.38% 4.23% 3.55% 4.41% 5.24%
Dividend per Share 2 - - - - - 0.2368 0.2778 0.3079
Rate of return - - - - - 1.89% 2.22% 2.46%
EPS 2 0.29 0.47 0.54 0.5 0.51 0.6754 0.7986 0.8875
Distribution rate - - - - - 35.1% 34.8% 34.7%
Net sales 1 673.7 835.6 988.2 1,065 1,047 1,100 1,164 1,227
EBITDA 1 101.1 121.7 137.5 143.3 156 163.7 176.4 189.5
EBIT 1 42.8 70.9 92.07 93.7 103.2 109.6 120.2 131
Net income 1 26.5 45 52.34 48.8 50.1 65.4 76.18 85.21
Net Debt 1 126.6 90.65 100.2 97.7 100.5 114 82.4 53.18
Reference price 2 14.06 12.70 14.30 13.92 11.06 12.52 12.52 12.52
Nbr of stocks (in thousands) 95,742 96,258 96,258 96,258 96,364 93,867 - -
Announcement Date 23/03/22 14/03/23 20/03/24 04/03/25 04/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.58x4.12x15.08x2.99% 341B
18.63x2.75x12.15x3.47% 138B
24.5x3.67x15.42x2.36% 71.82B
40.69x6.55x28.44x2.27% 48.77B
19.93x2.79x11.62x4.45% 36.4B
34.02x2.59x14.39x1.58% 36.49B
22.87x1.67x10.72x2.2% 20.65B
20.15x1.29x8.38x1.3% 19.37B
15.84x1.52x8.73x3.36% 19.38B
Average 24.25x 3.00x 13.88x 2.66% 81.34B
Weighted average by Cap. 22.97x 3.63x 14.77x 2.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield